Debt Glossary for alphabet "G"



  • Garnishment:
    It is a legal proceeding that instructs the employer to withhold a portion or whole of an employee's wage and pay it to the creditor who has won the judgment to recover the money he owes.
  • Gross monthly Income:
    It is the monthly income of an individual prior to any tax deduction.
  • Gross salary:
    It is the steady income of an individual before any taxes and deductions.
  • Gold card:
    It offers higher credit limit to the cardholder. The average credit limit on a gold card is $5, 000.
  • Grace period:
    It is the time period after the payment due date during which you can make the bill payment without incurring any late penalty.
  • Guarantee:
    It is an assurance of a certain outcome.

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  #1  
06-21-2005, 01:41 AM
deb
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Sub: Debt Glossary for alphabet "G"

Good collection. Can some one tell me what is grace period?
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  #2  
12-14-2009, 03:43 AM
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Jason Jason is offline
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Hey deb,

I have added it for you

Jason
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